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Hochschild chairman sells £120m in shares

The miner said its chairman was still confident in the company's prospects after he sold a stake equal to 12 per cent of Hochschild's total shares
Hochschild chairman sells £120m in shares
  • Eduardo Hochschild unloaded 12 per cent of the miner via a placing, leaving him with a residual stake of 38 per cent
  • Despite the precious metals bull market, Covid-19 shutdowns have put a lid on Hochschild's earnings this year
IC TIP: Buy at 192p

Precious metals miners have had a charmed run in 2020 for the most part. While there were some shutdowns, most producers saw earnings skyrocket as gold cracked $2,000 (£1,488) an ounce (oz) and silver stayed comfortably above $20/oz.

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